Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“Shuttles in the rocking loom of history,
the dark ships move, the dark ships move,
their bright ironical names
like jests of kindness on a murderer’s mouth;”
—Robert Earl Hayden (1913–1980)
“These earthly godfathers of Heaven’s lights,
That give a name to every fixed star,
Have no more profit of their shining nights
Than those that walk and wot not what they are.”
—William Shakespeare (1564–1616)
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)